we appreciate it, chief rubenstein. madam secretary? >> clerk: there is nobody on the public comment line. >> president feinstein: all right. public comment will be closed, and i turn to my fellow commissioners. commissioner cleaveland, that your hand up? >> commissioner cleaveland: yes, madam president, and thank you, chief rubenstein, for your excellent report. i know it's preliminary, but do you have any ideas about the cause of the 911 outage? do you have any sort of preliminary ideas about where it may have emanated from or started from? >> it's not confirmed, but we believe there were redundant power supply systems. one had experienced a failure, and when they were trying to fix it, they accidentally damaged another one. >> commissioner cleaveland: so this was basically repair work that was being done. >> and after that, damage done to the preliminary -- >> commissioner cleaveland: got it. it's better to know that we did it rather than somebody else did it. i noticed on the e.m.s. program that we continually have a problem finding

we appreciate it, chief rubenstein. madam secretary? >> clerk: there is nobody on the public comment line. >> president feinstein: all right. public comment will be closed, and i turn to my fellow commissioners. commissioner cleaveland, that your hand up? >> commissioner cleaveland: yes, madam president, and thank you, chief rubenstein, for your excellent report. i know it's preliminary, but do you have any ideas about the cause of the 911 outage? do you have any sort of preliminary ideas about where it may have emanated from or started from? >> it's not confirmed, but we believe there were redundant power supply systems. one had experienced a failure, and when they were trying to fix it, they accidentally damaged another one. >> commissioner cleaveland: so this was basically repair work that was being done. >> and after that, damage done to the preliminary -- >> commissioner cleaveland: got it. it's better to know that we did it rather than somebody else did it. i noticed on the e.m.s. program that we continually have a problem finding

we appreciate it, chief rubenstein. madam secretary? >> clerk: there is nobody on the public comment line. >> president feinstein: all right. public comment will be closed, and i turn to my fellow commissioners. commissioner cleaveland, that your hand up? >> commissioner cleaveland: yes, madam president, and thank you, chief rubenstein, for your excellent report. i know it's preliminary, but do you have any ideas about the cause of the 911 outage? do you have any sort of preliminary ideas about where it may have emanated from or started from? >> it's not confirmed, but we believe there were redundant power supply systems. one had experienced a failure, and when they were trying to fix it, they accidentally damaged another one. >> commissioner cleaveland: so this was basically repair work that was being done. >> and after that, damage done to the preliminary -- >> commissioner cleaveland: got it. it's better to know that we did it rather than somebody else did it. i noticed on the e.m.s. program that we continually have a problem finding

rubenstein, the carlisle group. peer-to-peer conversations with christine lagarde.w david rubenstein was channeling lisa abramowicz and he said i'm looking at yields. lisa: i missed that part of the interview. tom: lisa's looking at yields and the answer is rubenstein went to the inflation-adjusted yield, nominal yield, inflation up, ever greater, lower yields. this is not in the textbooks. lisa: it's not. why do you want to get negative real yields, it doesn't make any sense? yet, here we are. even as we see inflation with a sub -1% real yield on the 10 year, can this dynamic change when you have the bond purchases outstripping the entirety of what the u.s. government is selling? think of that for a second. tom: your kids can do it, negative german yields, minus growing inflation is a giant norm is yield. christine lagarde has the real german tenure well over standard deviation. that is a normal. what is normal? stay with us through the day. this is bloomberg. ♪ and there you have it— -woah. wireless on the most reliable network nationwide. wow! -big deal! ...we ge

without question, david rubenstein's most important interview for the nation with stephen breyer.rilled david rubenstein can join us right now. 9:00 tonight to see that on bloomberg television. what a wonderful moment. what was the surprise of your conversation? david: he does not seem to be that upset when people ask him about when he will retire? he is used to the question. i would get tired of it. he is basically used to saying i will make the decision when i make the decision. he did not indicate to me when he is going to do it. i've my own views on when he is likely to do it but he did not say specifically when he is going to retire. i would suspect it is probably closer to this term than the next term. tom: you have been a student of the court. how liberal is stephen breyer? david: p is clearly in the liberal wing and i think people would say he is the dean of the liberal wing. he has been in the court for 20 years. i would say he and justice soda mayor and justice kagan -- and justice sonia sotomayor and justice kagan are the liberal wing that is left, such as it is. i have

haslinda: christine lagarde speaking exclusively with david rubenstein. can watch more from the interview as she speaks about e.u.'s economic health on the next episode of the david rubenstein show, peer-to-peer conversations, at times you see on your screen. let's get a quick check of the latest business flash headlines. goldman sachs agreed to buy green sky for about 2.2 $4 billion goldman was one of the lead underwriters when green sky went public in 2018 at $23 a share. it is now purchasing the company at half that price. it is the market. a diagnostic testing company says its listings -- the merger gives them an enterprise value of 1.25 billion dollars. the deal includes forward purchase agreements. the deal is expected to close by the first quarter of next year. we have learned that india is seeking evaluation for its state backed life insurance corporation between 109 and 136 billion dollars and that will be the country's biggest ever ipo. the valuation is much lower than jeffrey's $258 but in line with others. sources say india would sell 5% to 10

joining us is david rubenstein. really important person to be talking to at this moment where we see this tech battle heating up between the u.s. and china. where did he throw his hat in terms of which region had the upper hand in this tussle? >> there is no doubt silicon valley has of the upper hand for decades. he does think china is now competing effectively with the united states and you have these two polar opposites in effect. china with one system of entrepreneur activity in silicon valley with another. he thinks the chinese are doing what he's calling blitz scaling. that's what happened in the united states with amazon and apple. very large companies that operate to scale. >> that's the bigger picture. yet the micro picture has been an increasing crackdown on some of these behemoths. the company's that are benefited from their approach. how does he view that? does he believe that will sponsor innovation and put a damper on it by raising regulatory uncertainty? >> clearly china wants to make clear the chinese

on the next episode of the david rubenstein show.on bloomberg tv at those times. coming up next, more on the newly announced defense deal between australia, the u.s. and the u.k. a shakeup for geopolitics. this is bloomberg. phie: -- ♪ haidi: australia is joining a new indo pacific security partnership that could pave the way for it to acquire nuclear powered submarines. the pact comes as china expands its military presence in the region. let's start off with the applications for australia. >> the key thing is that australia will acquire nuclear powered submarines. this will be controversial in australia as there is no civilian nuclear program at the moment. there is a research reactor on the outskirts of sydney but that is it. there is no shortage of raw materials. australia has plenty of uranium. there is not a great bit of detail. it will be an 18 month period to figure out the next steps. the process is likely to take decades. prime minister scott morrison flanking that will happen in south australia but we have no word on how mu

francine: christine lagarde speaking exclusively to david rubenstein.alking on a tight rope. you say the recovery is better but you have to look at inflation. tom: i was trying to pick out what she had in the lineup of books. no doubt they would be goodreads behind christine lagarde. francine: all students sank, i need to read that. the bank of england has warned that the eu -- has warned of the eu over its post-brexit plans on clearinghouses. since the u.k.'s withdraw from the bloc, trillions of dollars of trading have already left london because of regulatory hurdles. here is andrew bailey. >> i think that if they want to take the decision to break the system up, then it is important to consider the risks to financial stability that come with fragmentation. this is not a sort of an idle thing coming from the central bank. this is a real threat. we put central clearing at the heart of the system for a reason. >> i was going to say, you conducted this interview, know andrew bailey pretty well. the need for ensuring the right regulatory approach. francin

this is part of that david rubenstein conversation. 24 hours a day seven days a week, this is bloombergcktake. with a hundred and 20 analysts and more than 120 countries, this is bloomberg. >> the eu cannot depend on a few very big to producers. speaking at strasburg earlier, this after a commission announced several areas for investment in additional decade. >> we must have a more diversified supply chain when it comes to chips. we must focus on the global market, and also your is -- european production is medford that global market. we must diversify. we cannot have it that we depend on very few, very big ship producers. >> a california court last week said that it was illegal paying restrictions. this is parallel to what is currently being investigated? is this going to bring useful changes? >> we are following it closely. we have, in the spotify case a similar issue. in reviewing the statement and objection. >> you are speaking directly to u.s. counterparts later this month. what kind of interest you see from the biden administration from handling technology companies? >> there is a

john bolton told david rubenstein that essentially he does not want to touch bitcoin or crypto with 10 is 65. the people that he has famously worked with our generation that tends to dismiss it. are we starting to see older, more sophisticated investors try to get exposure to crypto? julian: for sure. you look at legendary hedge fund managers, some are big fans. but that is what makes the market. you have bulls and bears. we see that everyday. we view bitcoin as digital gold. it resonates more with millennials. even younger people brand-new to the market. meanwhile, cole tends to resonate with older investors, those of john paulson. there -- gold tends to resonate. there is no reason not to let gold to. amanda: there is some concern, even among people who believe crypto is here to stay that there are regulatory challenges ahead. bitcoin may be ticket early vulnerable, including if it ever is to become a replacement monetary currency. do you worry about that as an investor? is it too far down the road? julian: in my opinion, bitcoin is somewhat unstoppable just given the global nature.

manus: the european central bank exclusively to david rubenstein. uses the phrase next-generation europe. we are going into a serious time of political change with draghi at the helm in italy, merkel leaves the stage, macron will battle for his position, boris is out. it's a very interesting phrase ullage he about the common borrowing that she uses. tom: what is significant change that was as a result of the pandemic. we are still adjusting to that reality. technocrats in control in italy. olaf scholz still pulling comfortably ahead of armen lasch rick. the desire and the ability for the german government to step on those fiscal speed accelerators as well, rather than pulling back the brakes. you are right. let's focus on a corporate story. we charged this at the top of the show. apple. you can see the background is blurred and the foreground is in the spotlight. portrait mode was one addition to this new apple 13 ipo. that was one of the launches. we got more details. we will break this down with bloomberg intelligence. recap for us where this lead

this is after david rubenstein's interview. jonathan: we are not out of the woods.he recovery in the euro zone is clearly underway. tom: that is what lisa said as we went to commercial in the last break. lisa: honestly try to translate that. jonathan: back from the brink, we are not out of the woods. lisa: it means fingers to the wind. jonathan: you two are joking about it, not me. i don't want to get in trouble with the ecb again. lisa: again? [laughter] jonathan: this is bloomberg. ♪ ♪ (announcer) looking for a better way to lose weight and feel good? how about the one with the 98% success rate and the more affordable weight loss solution? that's golo. there are no monthly fees and it's guaranteed to work or you don't pay. how can golo offer all of that? because it's not like any of those diets you've already tried. it's the new way to lose weight. no stimulants, no starving, just results. results you'll keep for life. no more sacrificing to lose weight only to put it back on. no more sacrificing, period. it improves your lifestyle and delivers incredible results.

other government agencies and the public, including report from operations, deputy chief bryan rubensteing greater alarm fires, emergency medical services, bureau of fire presentation and investigation, homeland security, and airport division. >> this is fire chief jeanine nicholson. just an f.y.i. i must be brief as i literally have eight minutes before i have to go inside for the mayor's monthly covid meeting, but i'm happy to answer any outstanding questions when i return. first off, we have a newly nominated fire commissioner. his name is army morgan, and i imagine he will bring both labor and additional expertise if sworn in, so i look forward to that. he and i have played phone tag thus far, and i owe him another call, so look forward to that. in terms of covid, we have 18 members off either with symptoms or a positive test or exposure. that is down from last month, when we had 40, but we'd like to get that down much further. we currently have 140 members that are out of compliance with the vaccine, and they still have time to come into compliance. the time frames remain the same th

, the dow industrials now down almost 700 points the cofounder of the car likely to group david rubensteinh him when we come back. . that's great, carl. but we need something better. that's easily adjustable has no penalties or advisory fee. and we can monitor to see that we're on track. like schwab intelligent income. schwab! introducing schwab intelligent income. a simple, modern way to pay yourself from your portfolio. oh, that's cool... i mean, we don't have that. schwab. a modern approach to wealth management. hey lily, i need a new wireless plan for my business, but all my employees need something different. oh, we can help with that. okay, imagine this... your mover, rob, he's on the scene and needs a plan with a mobile hotspot. we cut to downtown, your sales rep lisa has to send some files, like asap! so basically i can pick the right plan for each employee... yeah i should've just led with that... with at&t business, you can pick the best plan for each employee and get the best deals on every smartphone. today, business is a balancing act. you want your data to be protected and se

treasury secretary, the carlyle group cofounder and chair david rubenstein and a portfolio manager.y on monday and we will see you tuesday, i am emily chang and san francisco. this is bloomberg. ♪ and there you have it— -woah. wireless on the most reliable network nationwide. wow! -big deal! ...we get unlimited for just $30 bucks. sweet, but mine has 5g included. relax people, my wireless is crushing it. that's because you all have xfinity mobile with your internet. it's wireless so good, it keeps one upping itself. switch to xfinity mobile and save hundreds on your wireless bill. plus, save up to $400 when you purchase a new samsung phone or upgrade your existing phone. learn more at your local xfinity store today. >> august ended -- and with school stumbling reopening's, companies struggling to get numbers back to the office. investors expecting worries about a reversal and a positive economic momentum, this is bloomberg wall street week, i am romaine bostick. romaine: this week the jobs report suggests recovery is losing steam. special contributor larry summers tells what he sees

yeah, i did a program believe it or not earlier this morning with david rubenstein who i know you worked with for many years. yeah, and he did a program with peter and susan recently and and he's read their book and he says this book is worthy of appealitzer. so i hope good things come from the book because obviously i think it'll help to build your legacy for generations. to come well, they did her. well, let me just say that in my opinion. they did a really really good job and that it was and that the watch that they're that are in there. they've they've dealt with them in a fair way. and so i was please it talmage. yeah, in fact later in the chat box to our audience. there's going to be links to both amazon and penguin random house doubleday. so i hope that many of you will make sure you you get this book because it's a fantastic read well deserving of the great review positive reviews. it's gotten but most importantly just to tell the life of of our special guest secretary baker. now as developed in the book, in fact, it's in the introduction and you've said this a lot. your perspect

david rubenstein, a washington businessman and philanthropist, has helped bankroll the pandas since 2011he "vulnerable" list in 2016. >> you only have about 2,500 of these pandas in the world, so while they're not "endangered," they're not actually in abundance, either. >> reporter: the pandas at the national zoo, and everywhere outside china, are actually on loan from the chinese government. call it "pand-iplomacy." >> i do think that the u.s. has done a very good job in working with the chinese to make certain that we will have more pandas for quite some time. >> reporter: like his older brothers and sister, xiao qi gi will be sent to china after a few years. but in the meantime, he will be a constant reminder of the need to preserve his whole species. >> people aren't going to save and conserve what they don't know and don't understand. and so, if nothing else, this panda grows up to continue to say, "we're out here, you know. please take care of us while you can." and tonight's winning numbers are 18, 18 55, 39, 71, and 43 we won! yes! noooo... noooo... noooo... quick, the quicker pi

in the news a library of congress has awarded dolly parton imagination library with a $150,000 rubenstein prize for quote exceptional and sustain debt. in his commitment to my basement of literacy. the imagination library found in 1995 cents free books to children up to the age of five regardless of their families income. the organization ships about 1.8 million bucks a month and has sent more than 150 million books throughout its history. in other news selling author is releasing his next novel that the subscription newsletter platform sub stacked or he joins a recent influx of office to the platform. offering selections of the writing to the readership for free. according to npd bookscan print books gales felt a little over 1% for the the week ending september 11. adult nonfiction salese

rubenstein senior fellow for energy and the environment at the council on foreign relations, and authorf the new book "the fight for climate after covid-19." welcome. thank you for making the time. i want to ask you about resiliency. we have heard it from president biden so much, earlier today. billions of dollars went into fortifying new orleans after hurricane katrina, and yet we have all still seeing the devastation. what should have been done that was not done? alice: there is so much to do when it comes to preparing for climate. it's an endless list. there has been great progress made but these impacts are coming harder and faster and causing more destruction. so we need to do more to get ready. amna: let's talk about specifics. the power grid in particular in louisiana. more than one million, it could be weeks before it is restored. the local utility is facing criticism for not being better prepared. is part of this problem we talk about resiliency, that we do not address the problems until after they have failed? alice: that is pretty typical. i call it a no more moment. when a c

in the news a library of congress has awarded dolly parton imagination library with a $150,000 rubenstein prize for quote exceptional and sustain debt. in his commitment to my basement of literacy. the imagination library found in 1995 cents free books to children up to the age of five regardless of their families income. the organization ships about 1.8 million bucks a month and has sent more than 150 million books throughout its history. in other news selling author is releasing his next novel that the subscription newsletter platform sub stacked or he joins a recent influx of office to the platform. offering selections of the writing to the readership for free. according to npd bookscan print books gales felt a little over 1% for the the week ending september 11. adult nonfiction sales were down 8% for the week but we make up over 7.5% for the year. booktv will continue to bring you new programs and publishing news and you can watch all of our past programs anytime at the.org. >> -- booktv.org. >> you are watching booktv. next, qian wang reflects on her journey as an undocumented child

rubenstein senior fellow for energy and the environment at the council on foreign relations, and authore new book "the fight for climate after covid-19." alice, welcome to the newshour. thank you for making the time. i want to ask you about this word, "resiliency." billions of dollars went into fortifying new orleans after hurricane hurricae katrina, and yet we have seen the devastation from hurricane ida. so what should have been done that wasn't done? >> there is so much to be done to prepare. these impacts are coming in harder, faster, and causing more destruction. so we need to do more to get ready. >> nawaz: so let's talk about some of the specifics here. the power grid in particular in louisiana now, more than a million people left without power. it could be weeks before it is restored. and the local utility there, entergy, is facing criticism for not being better prepared. part of this problem, when we talk about resiliency, that we don't address the problems until after they've failed in some way? >> well, that is pretty typical. i call it the "no more" moment, as when a communi

jack rubenstein, st.teps every day. sherwood deforest, love that name, from tallahassee, florida. 100 years old. served in world war ii as a flight engineer. we salute you for your service mildred crouere, 100 years old, married to the love of her life for 71 years last but not least, happy 101st birthday to mr. thomas moore of washington, d.c. he would have loved this trish yearwood segment because he loves baking treats for all the ladies in his assisted living facility. >> why are you saying it like that >> just because there's a little snow on the roof doesn't mean there isn't a fire in the furnace. >> oh, god >> how much time is left >> not enough. >> even when there's no time left -- >> sometimes they took the roof off. >> not a fire. the roof, the roof, the roof is on fire. >> put it out. >> on the third hour, ashanti is live to tell us about her fun new movie. >> and then on the fourth however, we've got leah remeny, plus a lot more of jenna's conversation >> wait until you see her halloween costu

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